GK
BANKING AWARENESS AND SEBI
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
From time - to - time, which among the following body publishes the “exchange control Manual” in context with the foreign exchange in India?
|
|
SEBI
|
|
|
Reserve Bank of India
|
|
|
Department of commerce
|
|
|
Foreign trade promotion board
|
Explanation:
Detailed explanation-1: -Reserve Bank of India-Exchange Control Manual Notification.
Detailed explanation-2: -Reserve Bank of India-Exchange Control Manual.
Detailed explanation-3: -The Reserve Bank of India, is the custodian of the country’s foreign exchange reserves and is vested with the responsibility of managing their investment.
Detailed explanation-4: -Custodian-The RBI acts as the custodian of the country’s foreign exchange reserves and manages exchange control. It dominates the market as a regulator, a player and the jury. Dollar/rupee rate-The RBI Act stipulates that the Central Government orders the rate at which the RBI shall buy or sell forex to banks.
There is 1 question to complete.